Dogwifhat (WIF) rises after Robinhood’s list.
Robinhood Lists Dogwhistle (WFF), Expands Its Mem Coin Offering and Market Reach Dogwhiphat's price rose 7.73 percent, remaining stable at around $3.35 after the listing. Robinhood now aims to capitalize on the meme coin trend, including European users.
Robin Hood Crypto has added Solana-based meme coin Dogwifhat (WIF) to its trading platform, expanding the reach of the popular dog-themed token.
This list shows an increasing trend on the platform following the addition of another commemorative coin of Robinhood Pepe earlier in November.
Dogwifat has increased its value.
On the announcement of the listing, Dogwhistle experienced a surge in price, climbing 7.73% to $3.57 before settling around $3.351.
The listing expands WIF's reach beyond the Solana ecosystem, positioning it as a strong contender in the growing meme coin market.
With a capitalization of $3.3 billion, Dogwhiphat is now the fifth largest meme coin, following heavyweights such as Dogecoin, Shiba Inu, PEPE, and Bonk.
Drawing inspiration from Dogecoin (DOGE), Dogwhiphat is positioning itself as a light-hearted and innovative alternative.
Since its inception a year ago, Dogwhiphat has gained attention in the meme coin space, fueled by a crowdfunding campaign that raised $650,000 within hours to launch a token on the Las Vegas Strip. Its rise is part of a broader trend in the crypto market where meme coins like PEPE, DOGE and SHIB continue to attract significant trading volume.
Robinhood is expanding its crypto offerings.
Robinhood's decision to list Dogwifhat is part of its strategy to expand its crypto offerings and tap into the growing meme coin market. The trading platform, which had earlier reduced its crypto offerings amid the unregulated situation, is now boldly returning to the market.
The WIF listing also marks a step towards wider global reach by making Robinhood's token available to European users.
As meme coins continue to attract crypto traders, Robinhood's expanded offerings demonstrate its commitment to remain competitive in a rapidly growing market.
With rumors circulating about the BONK listing, it's clear that Robinhood is positioning itself as a key player in the meme coin space.
